NOT LISTED FOR SALE

Estimated Value: $579,467

1 Bed
-- Bath
3,240 Sq Ft
$179/Sq Ft Est. Value

Sale Details

Date Sold: October 22, 2013

Last sale price $212,000 $65 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $3,176 / mo

89 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Partially Fenced Property
  • Franklin at Brimhall Elementary School Rated A
  • Outdoor Storage
  • Desert Landscape

About This Home

As of October 2013

Here is your opportunity to own a great 4-plex on a large, corner lot with huge income potential. There are three 2 bedroom/1 bathroom units and one 1 bedroom/1 bathroom unit with private storage rooms for each unit. Each features new tile flooring, new white shaker cabinets and dark granite countertops in the kitchen, new bathroom vanities, new interior/exterior paint, new carpet, new fixtures and fans. All units are vacant with the opportunity to set market rents. *LA has partial ownership interests

Last Agent to Sell the Property

Art Welch

West USA Realty License #BR552311000 Listed on: 06/12/2013

West USA Realty

Co-Listed By

Polly Watts

Maxim Properties Corporation of Arizona License #BR645711000

Last Buyer's Agent

Marvin Green

HomeSmart License #SA523652000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $836

Year Built

  • Built in 1982

Lot Details

  • Partially Fenced Property
  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • Carport
  • Paved Parking
  • Additional Parking
  • Assigned Parking

Schools

  • Whitman Elementary School
  • Westwood High School

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter
  • Cable TV Available

Additional Features

  • Ceramic Tile Flooring
  • Outdoor Storage

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer, trash collection
  • Tax Lot 11
  • Assessor Parcel Number 136-23-287-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irregular
  • Old West Valley Subdivision

Building Details

  • Operating Expense $836

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$836

Year Built

Built in 1982

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Center and McKellips
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: maxim01
  • Co List Office Phone: 520-689-6779
  • Subdivision Name: Old West Valley
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: W/D Hookup, None

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Paved, Carport, >1 Space Per Unit, Assigned
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 8.0

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Heat Pump, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Whitman Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 136-23-287-A

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 836.0

Tax Info

  • Tax Annual Amount: 836.0
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2013
Closed on
Oct 1, 2013
Sold by
Wedgewood Reo I Llc
Bought by
Trotter Jason
Seller's Agent
Art Welch
West USA Realty
Buyer's Agent
Marvin Green
HomeSmart
List Price
$239,900
Sold Price
$212,000
Premium/Discount to List
-$27,900
-11.63%
Current Estimated Value
$579,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,467
Avg. Annual Appreciation
8.36%
Original Mortgage
$206,196
Outstanding Balance
$155,121
Interest Rate
4.53%
Mortgage Type
FHA
Estimated Equity
$424,346

Purchase Details

Closed on
Jun 12, 2013
Sold by
Granite Ranch Opportunities Llc
Bought by
Wedgewood Reo I Llc

Purchase Details

Closed on
Apr 1, 2013
Sold by
Marino Maroussia
Bought by
Granite Ranch Opportunities Llc

Purchase Details

Closed on
Oct 7, 2005
Sold by
Jsl Associates Llc
Bought by
Marino Maroussia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,400
Interest Rate
5.67%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 6, 2005
Sold by
Marino Giovanni
Bought by
Marino Maroussia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,400
Interest Rate
5.67%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 23, 2004
Sold by
Murphy John A
Bought by
Leslie John S and Leslie Lana D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,125
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2002
Sold by
Roach Dennis P and Roach Bernice S
Bought by
Murphy John A and Murphy John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,900
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 1999
Sold by
Utterback Brian and Utterback Taylor J
Bought by
Roach Dennis P and Roach Bernice S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 1997
Sold by
Dutson B J and Dutson John L
Bought by
Utterback Brian and Utterback Brian E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
7.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 1994
Sold by
Skatoff I Joseph and Skatoff Ingeborg
Bought by
Dutson B J and Dutson John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
8.8%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Trotter Jason $212,000 Fidelity National Title Agen
Wedgewood Reo I Llc -- None Available
Granite Ranch Opportunities Llc $155,000 Fidelity National Title
Marino Maroussia $335,500 Fidelity National Title
Marino Maroussia -- Fidelity National Title
Leslie John S $213,500 Fidelity National Title
Murphy John A $195,900 Chicago Title Insurance Co
Roach Dennis P $160,000 Security Title Agency
Utterback Brian $136,000 Chicago Title Insurance Co
Dutson B J $115,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trotter Jason $206,196
Previous Owner Marino Maroussia $268,400
Previous Owner Leslie John S $160,125
Previous Owner Murphy John A $146,900
Previous Owner Roach Dennis P $144,000
Previous Owner Utterback Brian $95,200
Previous Owner Dutson B J $95,000
Closed Utterback Brian $27,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2013 10/22/13 Sold $212,000 -11.6% $65 / Sq Ft
09/09/2013 09/09/13 Pending -- -- --
06/12/2013 06/12/13 For Sale $239,900 -- $74 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,502 $15,222 -- --
2024 $1,506 $14,497 -- --
2023 $1,506 $45,970 $9,190 $36,780
2022 $1,475 $36,450 $7,290 $29,160
2021 $1,493 $29,410 $5,880 $23,530
2020 $1,474 $26,360 $5,270 $21,090
2019 $1,377 $22,750 $4,550 $18,200
2018 $1,322 $20,610 $4,120 $16,490
2017 $1,282 $18,530 $3,700 $14,830
2016 $1,258 $17,610 $3,520 $14,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4951270

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-23-287A

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